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1 definition found
 for Privileged debts
From The Collaborative International Dictionary of English v.0.48 :

  Privileged \Priv"i*leged\, a.
     Invested with a privilege; enjoying a peculiar right,
     advantage, or immunity.
     [1913 Webster]
  
     Privileged communication. (Law)
     (a) A communication which can not be disclosed without the
         consent of the party making it, -- such as those made by
         a client to his legal adviser, or by persons to their
         religious or medical advisers.
     (b) A communication which does not expose the party making it
         to indictment for libel, -- such as those made by persons
         communicating confidentially with a government, persons
         consulted confidentially as to the character of servants,
         etc.
  
     Privileged debts (Law), those to which a preference in
        payment is given out of the estate of a deceased person,
        or out of the estate of an insolvent. --Wharton.
        --Burrill.
  
     Privileged witnesses (Law) witnesses who are not obliged to
        testify as to certain things, as lawyers in relation to
        their dealings with their clients, and officers of state
        as to state secrets; also, by statute, clergymen and
        physicans are placed in the same category, so far as
        concerns information received by them professionally.
        [1913 Webster]

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